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India's UPI Transactions Surge Past 200 Billion
1 Jun
Summary
- UPI handled 24.16 billion transactions in 2025-26, up 30%.
- Digital payments adoption reached 52% of users, 67% of merchants.
- UPI now functions as a payment method in eight countries outside India.
India's Unified Payments Interface (UPI) achieved a significant milestone in 2025-26, processing over 200 billion transactions. The volume of UPI transactions increased by 30% to 24.16 billion, with their value rising by 20.6% to Rs 314.2 lakh crore. This surge has led UPI to represent nearly 86% of all retail payment transactions nationwide.
Despite the impressive growth, digital payment adoption stands at 52% among users and 67% among merchants, according to an RBI survey. Notably, UPI's reach extends beyond India's borders, with acceptance in Bhutan, France, Mauritius, Nepal, Qatar, Singapore, Sri Lanka, and the UAE.
The Reserve Bank of India (RBI) is also enhancing security, with a Digital Payment Intelligence Platform (DPIP) flagging suspicious transactions and MuleHunter.AI identifying potential money laundering accounts. A new independent Payments Regulatory Board was established on May 9, 2025, overseeing payment systems and issuing new rules for aggregators.
